Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
0
0
1949
# 1- The Payday candy bar was invented in 1932. At first, the inventors didn't know what to call their new creation. It happened to be payday, so one of them suggested they call it a Payday bar—and the rest is history!
Who knew?!
Want to make sure you pay your employees on time within your QuickBooks account so they can enjoy a treat? Check out this article here that will help you understand when the best time to send your payroll is based on the lead time you have set up for your direct deposits.
Happy Pay Day!
#2- According to ancient “paystubs,” employees in Egypt and Mesopotamia used to be paid in beer and other commodities.
Getting paid in beer doesn’t sound too bad to me! But I’m sure my bank’s loan officer wouldn’t appreciate a bunch of empty growlers to show my yearly wages instead of a pay stub.
BUT, with “modern paystubs”, employees can access their pay information through a workforce account. You can invite your employees to create an account through QuickBooks Online Payroll so they can view their pay stubs and W2s online any time they want. This article gives you all the steps you need to grant that access to your employees. 🕺
#3- The first employee time clock was built by Willard Legrand Bundy and was patented in 1891. At the time, it was dubbed the “Workman’s Time Recorder.” You can actually view the original patent illustrations here.
How neat is this?!
Luckily, times have changed and time tracking has become easier and more efficient. If you aren’t using QuickBooks Time yet to track your employees' hours, make sure to check out this Youtube video on tracking time. Accurate tracking will make the world of difference when it comes to running your Payroll.
Your employees will be able to clock in or out with just one click and even track time on the go, using the QB Time Mobile App! Check out this page for more info on all things time tracking ⏰
#4- The most common pay frequency in the U.S. is biweekly, which is used by 37 percent of private businesses. Surprisingly, weekly beats semimonthly as a runner-up at 32 percent.
Did you know that you can set up different pay frequencies within QuickBooks Online to fit your payroll needs? Take a peek at this article that goes over Setting Up and Managing Payroll Schedules.
Happy Pay Scheduling! 💰
#5- In 1535, King Henry VIII of England, who wore a beard himself, introduced a tax on beards. The tax was a graduated tax, varying with the wearer’s social position. His daughter, Elizabeth I of England, reintroduced the beard tax, taxing every beard of more than two-weeks growth.
Luckily, facial hair is no longer taxed today. Pheww! But, products and services still are.
Because of this, you will need to know how to apply the sales tax rates to your products/services within your QuickBooks account. Here is a handy guide that goes over setting this up within your account.
I hope you found these payroll fun facts entertaining and got some useful resources out of it. Until next time! 👋
